Consolidated Portfolio Review Corp Purchases Shares of 11,036 Pegasystems Inc. (NASDAQ:PEGA)

Consolidated Portfolio Review Corp purchased a new position in Pegasystems Inc. (NASDAQ:PEGA) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,036 shares of the technology company’s stock, valued at approximately $1,029,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Pegasystems by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock worth $59,895,000 after acquiring an additional 25,901 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Pegasystems by 0.6% in the third quarter. Fisher Asset Management LLC now owns 484,296 shares of the technology company’s stock worth $35,397,000 after purchasing an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Pegasystems by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 322,424 shares of the technology company’s stock worth $23,566,000 after purchasing an additional 11,102 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Pegasystems by 440.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 147,350 shares of the technology company’s stock valued at $10,770,000 after purchasing an additional 120,090 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Pegasystems by 54.0% during the 3rd quarter. Franklin Resources Inc. now owns 141,031 shares of the technology company’s stock valued at $10,362,000 after buying an additional 49,433 shares in the last quarter. Institutional investors own 46.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PEGA shares. Citigroup increased their price target on Pegasystems from $99.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wedbush increased their target price on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com raised Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada increased their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Rosenblatt Securities boosted their target price on shares of Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $95.82.

Pegasystems Stock Up 0.2 %

Pegasystems stock opened at $105.47 on Friday. Pegasystems Inc. has a 52-week low of $47.82 and a 52-week high of $113.67. The firm’s fifty day moving average is $98.76 and its 200 day moving average is $82.46. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 76.99 and a beta of 1.11.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Thursday, January 2nd. Pegasystems’s dividend payout ratio is 8.76%.

Insider Activity at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total transaction of $189,200.00. Following the sale, the chief financial officer now directly owns 15,400 shares in the company, valued at $1,456,840. This represents a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Leon Trefler sold 752 shares of Pegasystems stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $93.83, for a total value of $70,560.16. Following the completion of the transaction, the insider now owns 37,973 shares of the company’s stock, valued at approximately $3,563,006.59. This trade represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,003 shares of company stock valued at $1,346,086. Insiders own 50.10% of the company’s stock.

Pegasystems Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.